This “stop-start” rally took another pause yesterday…
With the financial news blaming it on worries about a potential slowdown in consumer spending.
But experienced traders know that pauses in rallies are perfectly normal – and even healthy.
Now, let’s see how the markets have been moving.
The Daily Direction
Note: All indexes closed flat or lower yesterday. No change in any index directions.
The Daily Nugget
The easiest – and best – time to sell is when the market is rallying.
When markets are falling, no price is too low to sell.
When markets are rallying, no price is too high to buy.
This is the effect of human psychology on the markets – and it’s what creates the ever-present market cycles.
The truth is, the easiest and best time to sell is when the market is rallying – when buyers are plentiful and greedy.
It’s called selling into strength, and all successful traders know how to do this.
But while the theory is obvious, the application is difficult – because it requires fighting against your own psychology.
That’s why Ross Givens regularly issues alerts to take profits for his members – even if the stock is still going up.
Yes, you may leave some money on the table by doing this…
But this is also how you come out ahead in the long run.
Find and stick to a proven strategy… be religious with your stop losses… and regularly take profits by selling into strength.
This is the recipe for a successful trading career.
And if you’re looking for a proven strategy you can follow – you’re in luck.
Because right now, you can get Ross’ flagship Stealth Trades strategy for just 99 cents…
A strategy that could allow you to piggyback on the trades of the big institutional investors – and use their money to profit.
There’s no catch – but this deal won’t last forever.
The Traders Agency Team